Under U.S. commercial policy, which clause permits the modification of a trade liberalization agreement on a temporary basis if serious injury occurs to domestic producers as a result of the agreement?
A) adjustment assistance clause
B) escape clause
C) most favored nation clause
D) prohibitive tariff clause
E) anti-dumping legislation
B
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Capital is a factor of production. Which of the following is an example of capital?
i. $1,000 in money ii. 100 shares of Microsoft stock iii. $10,000 in bonds issued by General Motors iv. a drill press in your local machine shop A) i and ii B) ii only C) iv only D) iii only E) ii and iii
A company that produces wallpaper is considering buying some new equipment that it expects will increase future profits. If the interest rate falls, then the present value of these future earnings
a. rises. The company is more likely to buy the equipment. b. rises. The company is less likely to buy the equipment. c. falls. The company is more likely to buy the equipment. d. falls. The company is less likely to buy the equipment.